by Mubashir | Sep 6, 2018 | Accounting Issues, Landlord, Motor Vehicle
Landlords in the UK with an unincorporated property business can claim mileage rates to reduce the tax on property. The mileage claim is in the form of a deduction in transport expense, which can be used as an alternative to capital allowances based on actual costs...
by Mubashir | Sep 6, 2018 | Accounting Issues, Landlord
The steady increase in house prices in the UK have made owning a property increasingly difficulty. That’s why a lot of individuals are jointly owning properties to earn rental income. Rental incomes are subject to tax, and this Due to rising house prices, joint...
by Mubashir | Sep 6, 2018 | Accounting Issues, Limited Company
Setting up a limited company has many benefits. The foremost benefit is that you won’t be personally liable for debts and other liability incurred by the company. Moreover, you will be able to raise a large amount of capital to finance expansion activities of...
by Mubashir | Sep 6, 2018 | Accounting Issues, Startup accountants
Starting a business is indeed challenging. However, the rewards are far greater that makes the endeavour well worth it. If you blend your vision with persistence and hard work, there is nothing that can stop you from making your startup a success. In this post, we...
by Mubashir | Aug 9, 2018 | Accountants for Contractors, Accounting Issues, Tax Issues, Tax Saving Tips
Many businesses make mistakes when filing VAT returns. This is understandable since the UK VAT system is complicated. However, mistakes in entering the wrong amount can be costly as it can not only result in paying a fine but also trigger a VAT investigation. ...
by Mubashir | Aug 8, 2018 | Accountants for Contractors, Accounting Issues, Business Growth Ideas
A new nil rate band was introduced in April 2017 for inheritance tax purposes in the UK. Known as the Residence Nil Rate Band (RNRB), it could save direct descendants of married couples thousands of dollars in inheritance tax. In this post, you will know what is RNRB...
